35162 Avenue E , Yucaipa, CA 92399
Yucaipa, CA 92399
Description
This offering is a rarity. FOUR SEPARATE HOUSES ONE ONE LOT!!! The houses are: Two houses that are 3 bedrooms, 2 baths. One house that's 2 bedroom, 1 bath One house that's 1 bedroom, 1 bath. The 3 bed 2 bath houses have 2 car garages each. The other two units are space parking. The two 3 bedroom 2 bath houses were built in 2007. The 2 bedroom 1 bath house, and the 1 bedroom 1 bath house, were totally updated in 1989. Each unit is separately metered with gas & electric, and tenants sign up for and pay for their own gas & electric bill. Landlord pays water and trash. This complex really performs! At market rents, it puts out $110,000 annually, a 10.45 Gross Rent Multiplier, an 8.04% Cap Rate, and a stunning double digit 12.93% Cash on Cash Return! You can view the income, expenses, and returns in the Marketing Package attached in Supplements. Also, in the Marketing Package attached, please see a very similar Sale Comp. We have a nearby sale, 4 units, with similar beds/beds/square footage, at 12690 7th Street in Yucaipa that sold on 10/13/23 for $1,365,000!!! WE WILL LOOK AT ALL OFFERS AND LETTERS OF INTENT. PLEASE DON'T HESITATE TO SEND OUT EITHER AND WE WILL RESPOND!! YOU CAN SIMPLY EMAIL A LETTER OF INTENT IF YOU'D LIKE AND THAT ONLY TAKES MINUTES! THANK YOU.
Details
| MLS | SW24174571 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2007 |
| Days On Site | 51 |
| Listing Provided By | Burton Commercial, Inc. 951-375-7433 | Tony Burton |
Features
| SQ Feet | 4,000 |
|---|---|
| Garage | 4 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Acreage | 0.61 |
Market Activity 92399
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Yucaipa |
| Zip Code | 92399 |
| Area | 269 Yucaipa | Calimesa | Oak Glen |
| Listing VS Median (in 92399) | |
Price: $1,150,000 low | high Med: $575,000 SqFt: 4,000 low | high Med: 1,755 $ / SqFt: $288 low | high Med: $328 On Site: 51 low | high Med: 22.000000 | |